All violations/discriminatory rules are being slowly accepted by Unions/Retiree associations as laws.
1. Though Central Govt in 2012 itself advised Banks to provide medical insurance to retirees Unions or retiree associations
conveniently sent that issue to cold storage, Now AIBRF/AIBPARC are begging for reduction of Insurance premium there by
accepting that retirees should bear 100% Premium. Now it is law for them.
2. AIBRF claims in their circular that Insurance scheme is more or less working well. Is there any alternative for retirees other than
paying premium which is 2-3 times more than their monthly pension or quit? Can any one call this working well?
3. Earlier most of the retirees were not satisfied with UIIC regarding their service ot high premium. UBA called bids and again UIIC is
selected. I have no knowledge whether IBA has published rates quoted by other insurers who participated in the bidding. If any member
aware of such details are requested to upload here.
4. Another violation which is being accepted as law is IBA should instruct Banks how to implement court order.
SC has directed Canara Bank and few other Banks to implement order on 13.02.2018. It is for Individual Banks to implement order properly. They have their own legal advisors. Why IBA should tell them procedure? Instead of approaching Banks why retiree associations
are requesting IBA to give instructions to Banks. There are several such inconsistencies and retiree associations are themselves giving approval to such violations.